Hugh Hendry wrote an article in
the Telegraph explaining why you shouldn't hate the hedge
fund industry so much.

It begins:

You don't know me; we've never met. But I fear you are being
encouraged to dislike me. Let me explain: I'm a speculator. I
manage a hedge fund. Apparently I profit from your misery.
Accordingly, our political leaders are keen to see the back of
me.

The whole piece reads a little Ayn Randian like, "damn it feels
good to be a capitalist."

It's just interesting to see coming from Hendry, a smug one who
usually acts like
he doesn't give a damn bout what people think of him, an
explanation about his business, hedge funds, so that everyone
won't hate him.

Choice quotes:

"We need to stop this socialisation of risk taking: heads I
win, tails you lose."

"I have to correct another misconception. I am not guaranteed
success; far from it."

"Through our endeavors, hedge funds attempt to discover the
identity and inadequacies of
the poor businesses."

"I would call the bankers' bluff and seek to purge the
rottenness out of the system. All of us will work harder, prices
will adjust, and enterprising people will flourish."